Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,603 shares of the construction company’s stock after selling 222 shares during the period. Confluence Investment Management LLC’s holdings in Cavco Industries were worth $4,285,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in shares of Cavco Industries by 37.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 9,456 shares of the construction company’s stock valued at $3,274,000 after acquiring an additional 2,558 shares during the period. Fisher Asset Management LLC increased its stake in Cavco Industries by 8.5% in the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after purchasing an additional 5,620 shares during the period. Quest Partners LLC acquired a new stake in shares of Cavco Industries during the second quarter worth about $931,000. Blue Trust Inc. boosted its stake in shares of Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after buying an additional 90 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Cavco Industries by 91.8% during the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after buying an additional 22,451 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insiders Place Their Bets

In other Cavco Industries news, Director Julia Sze sold 125 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the transaction, the director now directly owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Paul Bigbee sold 100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the sale, the chief accounting officer now directly owns 981 shares in the company, valued at $502,497.63. This trade represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,100 shares of company stock worth $535,642. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wedbush cut Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective for the company. in a research report on Tuesday, December 3rd. Craig Hallum increased their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Cavco Industries Stock Down 1.6 %

Shares of NASDAQ:CVCO opened at $439.07 on Friday. Cavco Industries, Inc. has a 52 week low of $304.10 and a 52 week high of $544.08. The company has a 50-day moving average price of $470.43 and a 200 day moving average price of $421.99. The company has a market cap of $3.56 billion, a P/E ratio of 24.82 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The business had revenue of $507.46 million during the quarter, compared to analysts’ expectations of $480.10 million. During the same period last year, the firm earned $4.76 EPS. Analysts expect that Cavco Industries, Inc. will post 18 EPS for the current year.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.